Benefits

Competitive rates and fees

We offer competitive variable rate with just a one-time processing fee and no hidden charges.With our attractive & absolutely transparent variable rate, now you make great savings.

Greater financing

Borrow up to 70% of property value with maximum loan amount of BDT 1.2 crore

Fast processing & approval

Simple & hassle-free application process and quick approval

No guarantee required

No personal guarantee or cash security required to get home credit from Standard Chartered Bank.

Flexible tenures

We offer home loans for our salaried and self-employed customers with a wide range of tenure of up to 300 months.

Top up loan facility

With property prices constantly appreciating, the value of property increases as well. Customer can avail a Top-up Loan from us for the appreciated amount.

Protect your loved ones

Protect your family and home with Mortgage Reducing Term Assurance (MRTA), a single premium life insurance coverage that covers the remaining balance of your loan in the event of death or total permanent disability.

  • Takeover/balance transfer from other bank and debt consolidation

    Transfer your existing mortgage loan at higher rate from other banks or financial institutions at a lower interest rate or use the fund from Home Credit to close other loans at other banks.

  • Greater Flexibility

    With options available for early & partial settlement, Standard Chartered Home Credit gives you the flexibility that you always need.

  • No prior relationship required

    No prior account relationship required with Standard Chartered Bank to avail home credit.

Fees & Charges

Mortgage Processing fee

Employee Banking @ 1% + VAT and stamp cost
all other Segments @ 1.5% + VAT and stamp cost

Partial prepayment fee

2% of settlement amount. + VAT

FAQ

How do I apply for a Standard Chartered Home Credit? 

You can apply by getting in touch with us by calling at our 24 hour contact centre number 09666777111 / 16233 (From Mobile Phone) or visit our Branches.

How is the variable interest rate calculated?

Variable interest rate is a type of pricing where the interest rate is revised at pre-determined intervals based on movement of a market benchmark till the end of the loan tenor. During disbursement, the Home Loan interest rate is linked to the average rate of 182-Day Government Treasury Bill. The Home Loan interest rate will be reviewed (i.e. decreased or increased) every 6-months from the date of disbursement, based on the movement of the average rate of 182-Day Treasury Bill.

Who can be a co-borrower on the home credit?

Co-borrowers for the home loan can only be from your family i.e. Spouse, father, mother and son only.

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FAQ

    • How is the variable interest rate calculated?

      Variable interest rate is a type of pricing where the interest rate is revised at pre-determined intervals based on movement of a market benchmark till the end of the loan tenor. During disbursement, the Home Loan interest rate is linked to the average rate of 182-Day Government Treasury Bill. The Home Loan interest rate will be reviewed (i.e. decreased or increased) every 6-months from the date of disbursement, based on the movement of the average rate of 182-Day Treasury Bill.

    • What can be the maximum age of the property?

      35 years at the end of loan tenor [i.e. Maximum 20 years loan tenor for a property which is 15 years old, or maximum 15 years loan tenor with a property of 20 years old, however the maximum age of the property cannot go beyond 30 years].

    • How do I apply for a Standard Chartered Home Credit? 

      You can apply by getting in touch with us by calling at our 24 hour contact centre number 09666777111 / 16233 (From Mobile Phone) or visit our Branches.

    • Who can be a co-borrower on the home credit?

      Co-borrowers for the home loan can only be from your family i.e. Spouse, father, mother and son only.

    • What should be the minimum income of the main applicant to apply for a home credit?

      Minimum income of the main applicant has to be BDT 78,000 Per month.

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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